‎AVAXUSD Anticipates Bearish Continuation Toward Key Demand Levels

‎AVAXUSD Market Analysis- September 26

‎Avalanche (AVAX) is facing renewed selling pressure after rejecting a major resistance level, with both daily and intraday charts signaling further downside ahead.

‎AVAXUSD Key Levels

‎Support Levels: $23.40, $12.30
‎Resistance Levels: $36.20, $54.60

‎AVAXUSD Long-Term Trend: Bearish

‎Avalanche has reacted strongly to the bearish trend line resistance on the daily timeframe, confirming the continuation of the broader downtrend. Historically, price has shown significant declines each time it rejected this resistance, and the current rejection appears to be setting up a similar path lower. With momentum shifting bearish, sellers now have the advantage as the market enters an early phase of downward movement.
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‎Technical indicators provide further confirmation of this bearish bias. The Relative Strength Index (RSI) on the daily chart shows price dropping from the overbought zone, a signal that sellers are regaining control. This technical confluence strengthens expectations that AVAX is likely to sustain its downward pressure in the coming sessions.
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‎From a structural perspective, price is projected to test the $23.40 demand zone, where a minor bullish bounce may occur before continuation lower. If this level fails to hold, the next significant bearish target lies around the $12.30 demand zone, which serves as the long-term support and aligns with the overall bearish trend trajectory.

‎AVAXUSD Medium-Term Trend: Bearish

‎On the 4-hour timeframe, price action mirrors the daily bearish setup. AVAX recently formed a double top pattern after rejecting the $36.20 supply level, confirming a clear shift in momentum to the downside and reinforcing the bearish continuation outlook.
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‎While the 4-hour RSI currently shows oversold conditions, suggesting the possibility of a short-term corrective bounce, this is likely to be temporary. Any retracement toward the nearest 4-hour order block is expected to attract renewed selling pressure, with the $23.40 demand zone remaining the key medium-term target.

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